Milestone year sees Ludlow Wealth Management hit record turnover

Leading North West wealth management group Ludlow is reporting record turnover as it celebrates 21 years in business.

The business, founded in 1993, has seen major expansion in recent years, acquiring the businesses Killen & Co and Murphy & Associates in 2013, a year which also saw assets under advice and management exceed £600million.

The same year Ludlow, headed by founder and CEO Sid Ludlow and headquartered in Southport, also opened its first Liverpool office, at The Plaza, Old Hall Street, in the city’s business district.

Sid Ludlow has now revealed that the business, which employs 47 people in offices in Preston, Blackburn, Lytham, Southport and Liverpool, has exceeded targets and reached record turnover of more than £4million.

He also revealed that the business is planning future acquisitions, and hopes to reach £1billion assets under advice and management within five years.

He said: “Our 21 years has seen us reach some wonderful milestones, from our tenth anniversary in 2003 when turnover exceeded £1million for the first time, to us achieving turnover of more than £2million in 2007.

“During that time we have actively sought to acquire other advisory companies that we believed would add genuine value to our business – to date that has seen us acquire 12 firms. We are hoping to continue this trend in coming years, perhaps giving us a foothold in new territories and access to talented new people.

“We are not resting on our laurels. It has taken a lot of hard work to reach this point, and we could not have done it without our dedicated and passionate team.

“We believe that life is for living and take pride in helping our clients make the right choices, enabling them to achieve financial peace of mind. We’re confident we can look forward to more success, reaching more milestones and welcoming new clients who believe our credo and want to achieve financial peace of mind with Ludlow – we are on a remarkable journey and look forward to it continuing.”

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